Risk of business suspension or registration cancellation if unable to maintain a 120% capital adequacy ratio
First written in FY2021. 1 of 2 entries say "Dropped", first in FY2025. Latest entry: FY2025.
The whole theme swung hardest in 2025: 4 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual report
「Although our group has withdrawn from the Financial Services Business, specifically the crypto-asset exchange business, it continues to hold investments in crypto-asset-related businesses conducted by that business, investments in crypto-assets and other business investments.」
The risks related to maintaining BPJ’s capital adequacy ratio at 120%, business suspension and registration revocation, which were based on BPJ operating a crypto-asset exchange business, ceased to be themes under the former business structure following the withdrawal from that business. - FY2021First statedAnnual report
「BPJ, a financial instruments business operator, is subject to regulations requiring it to maintain a capital adequacy ratio under the Financial Instruments and Exchange Act and related laws and regulations, and must ensure that the ratio does not fall below 120%.」
The company disclosed a new risk for BPJ, with a specific threshold, that falling below a 120% capital adequacy ratio could lead to business suspension, registration revocation and other actions.